Barton Gold encounters second potential depth extension at 223 deposit within Tunkillia Gold Project, South Australia

Barton Gold (ASX:BGD) has encountered multiple additional broad and ‘high-grade’ intersections following diamond drilling and receipt of additional reverse circulation (RC) assays from 9,214m of drilling at the 223 deposit. 

The results, generated by 37 RC holes within its Tunkillia Gold Project in South Australia, represent the final batch of assays from this round of drilling and demonstrate potential to add a second 300m long zone of depth extension into the existing Mineral Resource Estimate (MRE). 

The company says assays were generated from intersections completed outside of the current JORC 2012 MRE block model, and 25-150m below the current open pit model at a key northern target. 

Barton notes results have been received following January’s identification of the first potential 500m long depth extension. 

Key results include hole TKB85D with 11.3m @ 4.04g/t gold (Au) from 174m; hole TKB89D with 11m @ 3.7g/t Au from 185m; and hole TKB082 with 6m @ 2.51g/t Au from 43m and 4m @ 2.88g/t Au from 50m. 

With final assays now received, Barton announces a planned updated MRE for the 223 deposit is expected to be delivered during Q4 2023.     

Commenting on the results, Barton Gold Managing Director Alex Scanlon says: “We are excited that assays continue to validate our thesis that the 223 deposit itself has considerable potential for extensions and growth, not only on known mineralisation but also in previously untested areas. These results in particular highlight potential for entirely new shallow high-grade structures adjacent to the 2023 block model. 

“We are excited that assays continue to validate our thesis that the 223 deposit itself has considerable potential for extensions and growth…”

We expect to release an updated MRE for the 223 deposit during the fourth quarter (April-June) of this fiscal year. We are also expecting the results of DD and RC drilling at the regional Area 51 target during April and May.” 

The company also notes mineralisation encountered within hole TKB85D is situated within a previously untested position, potentially linking to new mineralisation reported in hole TKB78 about 100m to the south, which returned gold grades up to 2.2g/t Au. 

In addition, samples gathered from drillhole TKB82, which were assayed to confirm the results from hole TKB83, lead to the belief that mineralisation within this drillhole represents a hanging wall quartz vein hosted zone with untested potential for additional mineralisation. 

Barton Gold is an ASX-listed Australian gold exploration company with a total attributable 1.1Moz Au JORC 2012 mineral resource endowment (28.68Mt @ 1.2g/t Au) comprising a pipeline of advanced exploration projects, brownfield mines, and a wholly owned regional gold mill in the central of South Australia’s Gawler Craton. 

The company’s Tunkillia project is located within South Australia and holds a host structure which extends 7km north and 7km south. The project represents a large-scale exploration project hosting 50km of strike of the highly prospective Yerda and Yarlbrinda shear zones. 

Other assets included within Barton’s exploration arsenal include the Tarcoola Gold Project, and the Challenger Project located in South Australia.

Images: Barton Gold Holdings Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.